If Lois Has $2,000 in Checking,$50,000 in a Money Market

question 152

True/False

If Lois has $2,000 in checking,$50,000 in a money market mutual fund,and $75,000 in certificates of deposit (all individual accounts)at her local bank,her accounts would be insured through FDIC for $77,000.

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Definitions:

Stimulation

The action of arousing interest, excitement, or activity in someone or something.

Absolute Threshold

The minimum intensity of a stimulus that one can detect 50% of the time, a concept used in sensory and perception studies.

Olfaction

The sense of smell, a chemical sensing system that detects airborne molecules.

Naysayer

A person who opposes or expresses doubts about something.